Deutsche Boerse (OTCMKTS:DBOEY) Sees Large Volume Increase – Here’s Why

Shares of Deutsche Boerse AG (OTCMKTS:DBOEY) saw unusually-high trading volume on Monday . Approximately 343,587 shares changed hands during trading, an increase of 8% from the previous session’s volume of 317,677 shares.The stock last traded at $24.9350 and had previously closed at $25.14.

Wall Street Analysts Forecast Growth

DBOEY has been the topic of several recent research reports. Cfra Research raised shares of Deutsche Boerse to a “hold” rating in a report on Tuesday, October 28th. Kepler Capital Markets lowered Deutsche Boerse from a “hold” rating to a “strong sell” rating in a report on Thursday, November 6th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Deutsche Boerse Stock Performance

The stock has a fifty day simple moving average of $25.77 and a 200 day simple moving average of $29.03. The firm has a market cap of $46.77 billion, a P/E ratio of 20.70, a price-to-earnings-growth ratio of 4.16 and a beta of 0.58.

Deutsche Boerse (OTCMKTS:DBOEY) last announced its earnings results on Monday, October 27th. The financial services provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. Deutsche Boerse had a net margin of 31.24% and a return on equity of 19.52%. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Research analysts predict that Deutsche Boerse AG will post 1.12 earnings per share for the current year.

Deutsche Boerse Company Profile

Deutsche Börse AG operates as an exchange organization in Europe, America, and the Asia-Pacific. The company operates through four segments: Data & Analytics; Trading & Clearing; Fund Services; and Securities Services. It engages in the trading of derivatives, electricity and gas products, emission rights, foreign exchange, and commodity products; operating EEX and 360T over the counter trading platform for financial instruments, such as foreign exchange, money market, and interest rate products; and operating as a central counterparty.